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PRESS DIGEST-Canada - May 8

Reuters
·1 min read

May 8 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

** Toronto-Dominion Bank's chief executive officer Bharat Masrani and top leaders have done a tour of employee meetings with executives to ease concerns stemming from a lengthy probe by U.S. regulators and law enforcement agencies into weaknesses in the lender's anti-money-laundering processes.

** Canadian Broadcasting Corporation boss Catherine Tait says the public broadcaster will not press ahead with the 800 job cuts it warned of last year because its financial outlook has improved after the federal budget provided an additional $42-million in funding.

** Ottawa is directing Crown corporations that finance small and medium-sized businesses to increase their risk appetite to get more dollars flowing to Canadian companies. (Compiled by Bengaluru newsroom)